| 15 April 2011
Posted in Economic Development - EDC Overview
As part of an ongoing effort to grow the business community of Boonton, Boonton Township and Mountain Lakes, the Tri-Town Chamber of Commerce has set forth the following set of priorities to ensure member organizations realize maximum return on their investment of time, energy and dollars. This EDC Plan outlines the work of the Tri-Town Chamber of Commerce in four main areas:
- Chamber Brand and Structure,
- Membership Growth,
- Economic Development,
- Public Policy and Community Development.
Work Plan by Economic Development Sub-Committee Chair: Michael Stora;
Co-Chair: Howard Solomon
Community Assessment Study
Objective: Assess the Tri-Town business community, defining the current profile of business type, employment, economic status, and future plans/concerns.
Conduct a Current Image Survey
Business Members, Non-Business Members, Greater Community Prospective/Opinions
Conduct a Metrics Assessment
Current Situation - Community policy, historical and asset benefits, traffic-circulation-parking factors, Member and Other Business profiles, and community statistics
Define Critical Effects Necessary for Revitalization
Resultant analysis to provide recommendations for EDC action.
Stakeholder Involvement and Guidance
Objective: Approach a broad constituency of community stakeholders to form a working group to create a proactive economic redevelopment plan based upon community assessment, recommendations, and community/government involvement through open meeting interactions.
Identify stakeholder elements of each community, their respective role to the EDC effort, and respective goals/interests/concerns for the revitalization of the community.
Review and plan development process
Initiate open public meeting process to refine and develop consensus towards economic issues of the community
Create Community Redevelopment Plan
Translate consensus into strategic approach and formal plan for developing the community.
Objective: Attract new businesses to Tri-Town while working to retain and assist growth of existing businesses in Tri-Town
Take pro-active action to redevelop and revitalize community business areas
Develop and explore opportunities for the redevelopment and revitalization of the Boonton Main Street, Mountain Lakes Rte 46, and Boonton Township Industrial Park/St.Claire Hospital corridor in Tri-Town Support members with local regulatory issues or concerns.
Sponsor & promote a formalized revitalization and redevelopment plan for with local government organizations.
Develop Stronger Presence at City Hall
Recruit volunteer group to attend and report on agenda items and discussions at various city meetings: City Council
Traffic & Transportation Commission Goal: 75% of all meetings with representation Create concise summary reporting method
Support Economic Development Plan Process through subsequent stages.
Raise the public profile of the Tri-Town Chamber of Commerce within the community through participation in community events and partnerships with community organizations
Coordinate with Main Street and other community organizations
Partner with Main Street and other community organizations to sponsor and promote Economic Development efforts.